Young people just starting to invest and buying their first homes are potentially the winners in this recession.

First-time homebuyers, most between the ages of 25 and 45, accounted for about 45 percent of home sales from January through July 2009, according to the National Association of REALTORS®

This is a historic time, says George Jaramillo, a 35-year-old business analyst in Atlanta, who recently bought three homes, two of them foreclosures. It's a great opportunity to make some great gains in the future.

A study by investment company T. Rowe Price points out that investing when prices are low can result in amazing gains. For instance, between 1970 and 1990, the annualized rate of return for the S&P 500 was 11.5 percent.

We need to be shouting from the rooftops that this is not the time to get out of the market if you're young, says Christine Fahlund, a senior financial planner with T. Rowe Price. This is the time to be in the market.

Source: The Associated Press, Chip Cutter (10/05/2009)